IN BRIEF: Alba swings to loss, looks ahead to Clogau operation
30th Aug 2024 22:03
Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - In financial year ended May 31, swings to pretax loss of GBP639,000 from profit of GBP2.1 million a year prior. Reports no revenue. Says prior year profit was due to the loss of its majority share in Greenland-focused GreenRoc Mining PLC. It had reported a gain on deemed disposal last year of GBP2.7 million. Looking ahead, notes completed first blast at Clogau gold mine in Wales. Says successful drilling at eight blast holes produced several tonnes of broken vein ore. Adds material will be removed to surface processed in due course. Read More